5
New Values –Growing acceptance of consumer debt –Shifting ideas of purpose and value of work

6
Limits of prosperity 1.Unequal distribution of wealth, income 2.Ongoing concentration of industry 3.Scale of poverty, unemployment 4.Deindustrialization in the North 5.Rural depression a. Passing of wartime "golden age" for agriculture b. Drop in farm incomes, rise in foreclosures c. Decline in number of farms and farmers d. Rural outmigration

7
Harding received 61% of the national vote and 404 electoral votes. Cox received 35% of the national vote and 127 electoral votes. Eugene V. Debs, campaigning from Federal prison, received 3% of the national vote.

8
“Return to Normalcy “ the Harding Years ( ) Looked Like a President A. Not the brightest B. Big business- tax cuts, higher tariffs, aid to farmers “less government in business and more business in government,” suppress strikes, reduce national debt – slash spending